USTEC (US Tech 100 Index) | H1 | Buy Idea CMP
USTEC (US Tech 100 Index) | H1 | Buy Idea Direction: BUY (Long) Setup: Price made a lower low near 27,530 , while RSI (14) made a higher low in the oversold area. That is a bullish RSI divergence . Price then rallied sharply and has now pulled back into the breakout/retest zone around 28,171 , which is the entry area. LevelPrice Entry 28,171 (zone 28,150-28,200) Stop Loss 27,520 (below the divergence low) Take Profit 29,310 (prior supply and breakdown level) Risk: about 651 points Reward: about 1,139 points R:R: about 1:1.75 Rationale: Bullish RSI divergence at the 27,530 low, with RSI reversing from oversold. Strong bullish impulse off the low, followed by a retest of the broken zone. Entry sits at the former range support/resistance flip near 28,171. The target is the 29,310 level where
